DPR top diplomat blames Kiev for dodging discussion of Steinmeier formula implementationWorld January 16, 20:14
IMF maintains forecast for global economy growth in 2017 at 3.4%Business & Economy January 16, 19:45
Six more settlements join Syria ceasefire regime — Defense MinistryWorld January 16, 19:22
Foreign Ministry: Washington initiating new arms race in EuropeRussian Politics & Diplomacy January 16, 19:15
Diplomat says anti-terror efforts must not be hostage to political ambitionsRussian Politics & Diplomacy January 16, 19:08
Russian football team to use training camp abroad for 2017 FIFA Confederations CupSport January 16, 19:00
Russia's Nornickel to present social, economic projects at Arctic forumBusiness & Economy January 16, 18:51
IMF expects oil prices to grow by almost 20% in 2017Business & Economy January 16, 18:39
Russia's space agency to replace Soyuz spacecraft that will be launched to ISS in MarchScience & Space January 16, 18:23
BRUSSELS, December 18 /TASS/. The European Union on Thursday banned European companies from investing in Crimean economy and buying real estate, building infrastructure and rendering tourism services on the peninsula, the EU Council said in a statement received by TASS.
Investments in Crimea and Sevastopol are illegal as of December 20, 2014. Companies based in Europe can no longer buy real estate in Crimea or finance Crimean companies, the EU Council’s document said.
European operators are no longer allowed to render tourism services in Crimea and European cruise vessels no longer have the right to call at Crimean ports, except for emergencies. This applies to all ships belonging to EU companies or flying the European Union flag.
The EU Council has also banned deliveries of separate goods and technologies to Crimea in the field of transport, telecommunications as well as the prospecting and extraction of oil, gas and mineral resources.
Technical and intermediary help for the construction and maintenance of infrastructure in those sectors has also been announced illegal.
The text of the document is expected to be published in the Official Journal of the European Union on Friday. It means that the restrictive measures will come into force on Saturday.